If you're ~15% in the red, is it crazy to sell?

[bitcoinisbest]

The crypto market is really complex and unpredictable at all. Today the Altcoins index is rising and tomorrow drops to nothing so you can buy at the current price is cheap but tomorrow It's important you have faith in it and less panic and panic.

It is highly unpredictable and due to its volatility the market can fell easily by 10 - 20% or rise accordingly. We must only invest the money which we are okay even if lost maximum else it would be difficult when the market is down and you need money will have to sell in heavy losses.

[cluit]

Hey,
I didn't act on the recent crash,,, i had bought at about 230$ markets currently just above 200$
I know the right idea is likely to hold, as the market will go up eventually.. but i predict in the intermediate term it'll go down further.
I guess this is where the psychology of trading comes into play.. I'm in regret and want to sell at a 15% loss in order to have a chance of making the 15% back and then be able to continue trading as i was before the recent dip.

When you're 'marooned' with coins that are worth less than you bought them is the right idea; always to hold?
I just want to practise trading further... and have no spare capital to do so.. 

It's alright man your not the only one that way because a lot of us in crypto feel that way like regrets and so on. We can make a good profit again just be patience and believe to what you are doing.  We can predict everything but we can hold it for the better.

The feelings of regret is something that comes with someone who does not have a strategy, long term focus or know what they are doing in a market and they are just simply there. This is the main reason why a lot of people tend to just find themselves, doing things that would end up jeopardizing their investments.

As long as you know when you are buying, you have a strategy you have built on and you are either placing your focus on the long term, or have the knowledge to deal with the short term, then, just stick with what you know and not what you feel.

[ShadowBits]

Hey,
I didn't act on the recent crash,,, i had bought at about 230$ markets currently just above 200$
I know the right idea is likely to hold, as the market will go up eventually.. but i predict in the intermediate term it'll go down further.
I guess this is where the psychology of trading comes into play.. I'm in regret and want to sell at a 15% loss in order to have a chance of making the 15% back and then be able to continue trading as i was before the recent dip.

When you're 'marooned' with coins that are worth less than you bought them is the right idea; always to hold?
I just want to practise trading further... and have no spare capital to do so.. 

Of course, you need to sell and cut your losses at most time because you may end up losing more than that. It is wise to do it than to make your pride win.

[nelsledma]

The Ethereum price seems to stick at 200 USD and above. Personally, I don't think ETH price will go down under 200 USD!

Its possible it can drop again. We saw it drop even lower than 190USD. If you are thinking of buying ETH you should buy a lower price.

So, You can hold your bought ETH or you can buy other coins to trade. Because by trading with other coins, if you make profits then your loss will be recovered! And, -15% red is not a crazy time to sell. Good Luck

Its panic selling for the weak hands. After every pump there is a dump. 15% losses are nerve-wracking for most people who are not yet immune or have not been sensitized about the volatility of altcoins.

If OP talk about bitcoin, it is worth to wait more because bitcoin price still can increased, at least wait until December and OP can decide what will he do for his investment. But if me, i will wait more.

I dont think its Bitcoin OP is talking about. Last time we saw bitcoin have a big loss was when it dropped to 5.9k. But bitcoin is going to rise this November as per technical analysts so lets wait and hodl.

Some people were buying ETH at the price of $190+ then while others were panicking. These drops are to be seen as an opportunity for those who missed the recent bull market. Buying Ethereum at the price rate of $100+ is something very cheap and everyone should see it as an opportunity. And this time around I don’t think the price is going back as it has gotten to $200+, it might just continue going up from there.

[coinfinger]

Hey,
I didn't act on the recent crash,,, i had bought at about 230$ markets currently just above 200$
I know the right idea is likely to hold, as the market will go up eventually.. but i predict in the intermediate term it'll go down further.
I guess this is where the psychology of trading comes into play.. I'm in regret and want to sell at a 15% loss in order to have a chance of making the 15% back and then be able to continue trading as i was before the recent dip.

When you're 'marooned' with coins that are worth less than you bought them is the right idea; always to hold?
I just want to practise trading further... and have no spare capital to do so.. 

If you’re going to do that you should also consider the fact that the price will eventually rise up to a higher price. So I will advise you to have a little bit patience or maybe you can sell and wait for when the price to starts to rise again and you can buy in at the cheaper rate as of when the increase comes and start gaining as it rises to a price above that.

I know some people that have lost more than a fifty percent but still kept to the hold till they recovered everything. I’m not trying to say you should do the same, we all know how big or small our pocket is.

[Mr.grin]

The crypto market is really complex and unpredictable at all. Today the Altcoins index is rising and tomorrow drops to nothing so you can buy at the current price is cheap but tomorrow It's important you have faith in it and less panic and panic.

It is highly unpredictable and due to its volatility the market can fell easily by 10 - 20% or rise accordingly. We must only invest the money which we are okay even if lost maximum else it would be difficult when the market is down and you need money will have to sell in heavy losses.

well, that's something that is normal for me, so maybe I'll keep it. even seeing the ETH price drop from $ 400 to $ 200, I still don't sell the ETH I have. whether it's something that panics or not, I'm used to this.

[TheUltraElite]

If it is about altcoin, so OP must a little worried because although bitcoin up or down, altcoin still down. Maybe for altcoin if me i will sell my coins and change to other coins but i keep to analyze first.

Dont get worried about your coins if their prices drop. You can always wait it out and then when bullish trends appear you can sell them. If you have some altcoins and they are 90% below buying price, you are not alone. There are several people out there like you but remember one thing : It took a lot of time for bitcoin to reach 1k USD and then 20k USD.

well, that's something that is normal for me, so maybe I'll keep it. even seeing the ETH price drop from $ 400 to $ 200, I still don't sell the ETH I have. whether it's something that panics or not, I'm used to this.

It has been attributed to ICO funds being dumped on exchanges so they could cash out the ETH to USD. I dont know if this is credible or just an easy to assume explanation of why ETH dropped. I think the POS shift of ETH was what made people panic.

[biletskiy]

Hey,
I didn't act on the recent crash,,, i had bought at about 230$ markets currently just above 200$
I know the right idea is likely to hold, as the market will go up eventually.. but i predict in the intermediate term it'll go down further.
I guess this is where the psychology of trading comes into play.. I'm in regret and want to sell at a 15% loss in order to have a chance of making the 15% back and then be able to continue trading as i was before the recent dip.

When you're 'marooned' with coins that are worth less than you bought them is the right idea; always to hold?
I just want to practise trading further... and have no spare capital to do so.. 

-15% loss on your port isn't really that too big yet the price entry or gaps isn't really that deep and you decide to sell just because of that hope to retrieve that 15% back?
No it isn't possible on where your insights or intuition would go exact as you expected.It would even go deep even more and in result you are just deepening your loss rather
than if you tend to hold it on the very first place.

Even in this case it is better hold the cryptocurrencies that you have. 15% loss is really not too much but you will be in minus if you sell everything. Be more patient.

[manfredmann]

Well do not mind the loss just continue trade and get a good decision on how you will going to learn on trading. This will also come to a good market price prediction or you can also do trading on some part where you can clearly see the next market price movement. Like when the market is green equal to 3% or more current increase of crypto market price then better to sell it. You will going to see just a day or hours that the market price will surely go down to negative or red market. This is where you can buy and increase the number of your crypto.

I have tried trading and I am only doing it when I can see clear market prediction regardless of the crypto to fiat equivalency. I am just only minding to increase my crypto rather and hold it until such time that it will be good to sell all the crypto. Maybe the time that bull run for cryptocurrency will going to happen.

[Inikoo]

It is very hard to lock out emotions, but people should do so IMO. Should not care too much how much negative you are in, more about what future probably going to bring. And also, what better options you may have. Holding is good, but if there is something else better to hold...

[jostorres]

Hey,
I didn't act on the recent crash,,, i had bought at about 230$ markets currently just above 200$
I know the right idea is likely to hold, as the market will go up eventually.. but i predict in the intermediate term it'll go down further.
I guess this is where the psychology of trading comes into play.. I'm in regret and want to sell at a 15% loss in order to have a chance of making the 15% back and then be able to continue trading as i was before the recent dip.

When you're 'marooned' with coins that are worth less than you bought them is the right idea; always to hold?
I just want to practise trading further... and have no spare capital to do so.. 

The question is -15% is your stop loss/ limit? if yes just do that and never ask anyone again. Follow your rules and if from there you get loss just fix your strategy. In this situation many strategy fail and keep hold can make your asset stuck for long term period. Decides what the best for you and good luck.

I do not even see the reason why anyone should be asking such a question, considering the fact that we all have our own strategies when it comes to trading the market most of the time.

As long as you have your own strategy, and you have it all planned out even before entering a trade, then you will always know what to do. It takes someone without any form of trading knowledge to be asking such questions and people like this should not even be involved in trading at all, unless they have been able to build on themselves in terms of knowledge.

[Tynovten_]

It depends on how yourself, but that's not the problem because ive passed it before. If i predict in long-term it will fall foreverr so i will sell soon then try to take profit with another coins.

[Maricel2017]

It depends on how yourself, but that's not the problem because ive passed it before. If i predict in long-term it will fall foreverr so i will sell soon then try to take profit with another coins.

Long term investment is not forever there is always a time frame to sell it, for me 15% profit for short term investment at the current situation of the market is already enough for me to sell my coin but if it is for long term i will keep on holding it looking for more than 15% profit.

[otundebis]

Your trading position should determine your next line of action.  If you are long on your position,  there is no reason for you to sell,  instead , you should be buying and see how you can find a trend that will work for you!

[coinplus]

I didn't act on the recent crash,,, i had bought at about 230$ markets currently just above 200$
I know the right idea is likely to hold, as the market will go up eventually.. but i predict in the intermediate term it'll go down further.
I guess this is where the psychology of trading comes into play.. I'm in regret and want to sell at a 15% loss in order to have a chance of making the 15% back and then be able to continue trading as i was before the recent dip.

When you're 'marooned' with coins that are worth less than you bought them is the right idea; always to hold?
I just want to practise trading further... and have no spare capital to do so.. 

In trading there is really never a "wrong" you can't really recover from. Even warren buffet sometimes buys stuff that drops in value or he attempts to buy something and decides not to at the last minute and misses out on great profits.

So yeah, if you want to sell at 15% in the red that wouldn't be a bad idea at all, however it would be unwise to just sit with the loss, you do not go after the loss and try to chase after it and lose more but you end up hitting the reset button and doing smarter moves next time. That is what is important here, learning from your mistakes, having the right mindset and redoing it differently and better next time and earning profits.

If you end up losing once again, you have to ask yourself was it the same thing that caused you to lose again or was it different, if it was the same thing than why did you fell for the same trap and if it was something different have you learned from it. Losing is a way to winning do not forget that.

[pawanjain]

If you have the guts to take the risk so that you can recover from your loss then you should sell your coins and buy  it back at a lower price. Besides that, if the coin you are selling and then buying back is a potential coin then the chances to loose more money are lesser. If you think that the risk is higher and you might end up in a loss then the best option for you will be holding the coins until you make profit but then we don't know how long will it take before the price recovers. You might end up missing the other opportunities to recover your money as well. You have got to decide which option might suit the best.
If I were in your place then I would have gone with selling and then buying back

[Slow death]

When you're 'marooned' with coins that are worth less than you bought them is the right idea; always to hold?
I just want to practise trading further... and have no spare capital to do so..

Dude, you want to do day trade without having studied technical and fundamental analysis and without that you have some strategy and this will not bring you good results. Another thing, you should not sell with losses, then you will buy and the price will fall again and you will again sell with losses, this will become a habit and in the end you will lose all your money. do the following: buy and hold for many years because it is the best solution for your case

[rodskee]

Not good idea to sell your coin at 15 percent of loses
But if you a day trader go ahead sell it if not don't sell it for long term investment
Loses is a part of the risk in trading specially day trade
But you need to be careful of you decision to avoid a lot of loses

[Bitcotalk]

The crypto market is really complex and unpredictable at all. Today the Altcoins index is rising and tomorrow drops to nothing so you can buy at the current price is cheap but tomorrow It's important you have faith in it and less panic and panic.

It is highly unpredictable and due to its volatility the market can fell easily by 10 - 20% or rise accordingly. We must only invest the money which we are okay even if lost maximum else it would be difficult when the market is down and you need money will have to sell in heavy losses.

well, that's something that is normal for me, so maybe I'll keep it. even seeing the ETH price drop from $ 400 to $ 200, I still don't sell the ETH I have. whether it's something that panics or not, I'm used to this.

Panicking will not even solve any problem, what most people do is to always look for a very good price downward and start accumulating for the future. Looking at the price of Ethereum in the last year ending and very early this year, we will realize this is actually a good buy as well as every other market out there.

Mostly for investors who will want to go long on the market and be patient enough for it no matter what happens now is always the time they get to buy. Although, it is normal for some investors with trading knowledge to always have some stop loss in place, but at the end, it is all about how vast you are, but if you know you do not have trading knowledge, just know where you are buying is good for you and be patient to wait for an uptrend.

[tailwate07]

Hey,
I didn't act on the recent crash,,, i had bought at about 230$ markets currently just above 200$
I know the right idea is likely to hold, as the market will go up eventually.. but i predict in the intermediate term it'll go down further.
I guess this is where the psychology of trading comes into play.. I'm in regret and want to sell at a 15% loss in order to have a chance of making the 15% back and then be able to continue trading as i was before the recent dip.

When you're 'marooned' with coins that are worth less than you bought them is the right idea; always to hold?
I just want to practise trading further... and have no spare capital to do so.. 

It’s very hard to predict what will be next move of the market. At that time of reduction by 15%, a lot of people might start seeing it as an opportunity to start buying and you might just sell and miss that opportunity. But if you can’t have such patience, you can still withdraw and monitor the market to see when it will start to rise again and when it does, you can invest back your money.